Without Ted's knowledge, Phil, who frequently purchased lumber on Ted's behalf, purchased a large quantity of plywood from Chris as agent for Ted. Phil later advised Ted of the purchase. If Ted wished to ratify the agreement, the act of ratification would make the agreement effective as of the date that it was negotiated by Phil.

Question

Quizplus · Accepted Answer

Ratification by Ted would retroactively authorize Phil's actions and make the agreement effective as of the date Phil negotiated it, binding Ted to the terms negotiated by Phil.

Without Ted's Knowledge, Phil, Who Frequently Purchased Lumber on Ted's